Nacho Set To Submit Business Plan After European Regulatory Trip

- By FX Markets Staff
- @FXMarkets_
- 30 Nov 1992

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The North American Clearing House Organization (Nacho) is gearing up to apply for what many consider multilateral netting's highest hurdle, regulatory approval. Officials from the group have just returned from meetings with three key European regulatory authorities and are now assembling a business plan to submit to the two North American regulators, officials there confirm.

"We will be approaching the regulators in North America with a business proposal shortly," says Garrett Glass, vice

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